Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.crecer.org.bo/ |
Year established | 1999 |
Head of Institution | José Auad Lema |
Regions active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
# Branches | 9 |
Total Portfolio (nat'l) | BOB 910,004,033.70 |
Total Portfolio (USD) | USD 134,815,412.40 |
Active clients with loans | 167,043 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations | FINRURAL, FOROLAC, PROCOSI |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Banca Comunal | BOB 100 - 15,000 | 5.3 - 11.3 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, Servicios de Salud a través de alianzas estratégicas | |||||||
Credito Individual - USD | USD 100 - 10,000 | 13 - 80.53 | 60% - 80% | 40% - 60% | Business, Housing, Education, Other | Women, Men, Have business | Credit Educ, Credit Ins, Business Training, Other Training | |||||||
Credito Individual - BOB | BOB 700 - 70,000 | 3.03 - 87.8 | 80% - 100% | 40% - 60% | Business, Housing, Education, Other | Women, Men, Have business | Credit Educ, Credit Ins, Business Training, Other Training, Capacitación en temas de salud | |||||||
Crédito Agropecuario - BOB | BOB 700 - 70,000 | 4.6 - 83.13 | 20% - 40% | 0% - 20% | Business, Agriculture, Other | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
Crédito Agropecuario - USD | USD 100 - 10,000 | 10.7 - 71.3 | 20% - 40% | 0% - 20% | Business, Agriculture, Other | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
Crédito para Consumo - BOB | BOB 700 - 70,000 | 3.4 - 61.2 | 0% - 20% | 40% - 60% | Consumer, Other | Women, Men, Have business, Salaried worker | Credit Educ, Credit Ins | |||||||
Crédito para Vivienda - BOB | BOB 700 - 70,000 | 5 - 49.7 | 40% - 60% | 40% - 60% | Housing, Other | Women, Men, Have business, Salaried worker | Credit Educ, Credit Ins | |||||||
Crédito Oportuno | BOB 500 - 3,000 | 0.7 - 16.9 | 80% - 100% | 40% - 60% | Any Purpose | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training | |||||||
Crédito al Personal - BOB | BOB 700 - 35,000 | 18.6 - 37.2 | 40% - 60% | 40% - 60% | Other | Women, Men, Salaried worker | Credit Educ, Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Banca Comunal | 34.0%-36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 10.0% upfront 20.00% ongoing | 36% | 50.6% - 51.4% | 66 | ||||||||
Credito Individual - USD | 16.0%-24.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 16.3% - 22.4% | 16.3% - 22.4% | 82 | ||||||||
Credito Individual - BOB | 12.0%-24.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 17.4% - 23.7% | 17.4% - 23.7% | 62 | ||||||||
Crédito Agropecuario - BOB | 18.0%-24.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 18.4% - 24.6% | 18.4% - 24.6% | 87 | ||||||||
Crédito Agropecuario - USD | 18.0%-24.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 19.1% - 23.4% | 19.1% - 23.4% | 86 | ||||||||
Crédito para Consumo - BOB | 19.0%-30.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 20.4% - 27.5% | 20.4% - 27.5% | 75 | ||||||||
Crédito para Vivienda - BOB | 19.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 18.8% - 19.4% | 18.8% - 19.4% | 99 | ||||||||
Crédito Oportuno | 32.1% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 32.6% - 32.7% | 32.6% - 32.7% | 98 | ||||||||
Crédito al Personal - BOB | 12.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 0% | 0% | N/A |
Outstanding portfolio (TZS) | TZS 782,975,645 |
Portfolio (USD) | USD 492,437.51 |
Active Clients with Loans | 5,882 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | 18 and above |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Dar es Salaam, Pwani |
Currency | TZS |
Minimum loan size | TZS 50,000 |
Maximum loan size | 15,000,000 |
Loans less than TZS 350,000 | 40% |
TZS 350,000-1,250,000 | 20% |
TZS 1,250,000-2,000,000 | 15% |
TZS 2,000,000-3,000,000 | 10% |
TZS 3,000,000-4,000,000 | 5% |
Greater than TZS 4,000,000 | 5% |
Shortest loan term | 3.0 months |
Longest loan term | 8.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 20% |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 8.00% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Loan term |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 25.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | TZS 2,000 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 100,000 | TZS 500,000 | TZS 1,000,000 | TZS 3,000,000 | TZS 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 2 | 4 | 5 | 7 | 8 | ||||
Disbursement Date | 2013-01-04 | 2013-02-08 | 2013-02-12 | 2013-01-22 | 2013-03-15 | ||||
Loan Term (Months) | 2.8 months | 7.0 months | 12.0 months | 8.0 months | 7.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | TZS 15,500.49 | TZS 137,502.63 | TZS 355,000 | TZS 887,160 | TZS 1,375,026.30 | ||||
True Price by Comp | |||||||||
Interest price component | 93.9% | 70.5% | 54.0% | 64.5% | 70.5% | ||||
Fee Component | 17.1% | 6.9% | 4.2% | 5.8% | 6.9% | ||||
Insurance Component | 13.1% | 5.3% | 3.1% | 4.5% | 5.3% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 169.2% | 78.7% | 40.0% | 46.1% | 59.5% | ||||
Full APR (int fee ins tax dep) | 293.3% | 161.4% | 101.3% | 120.9% | 142.2% | ||||
Transparency Index | 16 | 30 | 47 | 40 | 34 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
---|---|
# Samples: | |
# Products | |
# Institutions | |
# Countries | |
# Borrowers | |
Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |